Digerati acquires NextLevel Internet for up to $12.9M; expects $31.5M annualized revenue

Digerati Technologies, Inc.

Total purchase price up to $12.9M: $8.9M cash, $2M unsecured notes, $2M convertible notes.
Acquisition adds ~1,000 SMB clients in California; consolidated annualized revenue expected to reach $31.5M.
Deal partly financed by $10M Term Loan C Note from Post Road; net proceeds of $9.75M to fund cash portion.
NextLevel President Derek Gietzen to remain in role and join Digerati executive management team.
Acquisition expected to be accretive to EBITDA and operating income in FY2022.

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